Wells Fargo 8% Non Cumulative, Perpetual Preferred Stock
By: Tim McPartland,
Originally Issued by Wachovia
S&P Rating BBB+ Moodys Rating Baa3
Security Ticker Symbol WFC-J
Market Traded ON NYSE
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Dividend Payment Paid on the 15th of March, June, September and December beginning on 3/15/2008
Quarterly Dividend .500 Annual Dividend 2.000
Securities may be redeemed, at the issuers option, as early as 12/15/2017 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for Wells Fargo
Below you can find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
